...
...
- Members jointly invest in a community solar or wind project
- The project sells its energy to a utility off taker
- The project creates and registers REC's for its energy
- The REC's are transferred back to the members to offset the non-renewable portion of their utility bills
- The sale of energy from the project to the utility above its cost of capital is used to lower the cost of the members' utility bills.
The data would come from:
- Solar inverters – amount of electricity generated, if the project shared a solar farm
- Renewable Energy Certificates – purchased from renewable energy developers
- Utility bills – energy use by the members
A smart contract could obtain data for all members of the network from these data sources, then allocate the solar or REC's against each member's utility bills.
...
...
...
The REC's and utility emissions would be calculated together on the net emissions channel.
An additional blockchain could be set up to manage members' subscriptions, so that new members could stake to join a network or purchase shares from exiting members. The exact mechanics would depend on the local regulations for community solar projects.
...